“The panel pro­vides im­par­tial, ob­jec­tive and in­de­pen­dent ad­vice to the pres­i­dent, al­low­ing the bank to ben­e­fit from the in­ter­na­tional ex­pe­ri­ence and ex­per­tise of panel mem­bers,” it said.

AIIB said the first meet­ing of the ad­vi­sory panel was held in Bei­jing yes­ter­day.

At the meet­ing, panel mem­bers dis­cussed the global eco­nomic sit­u­a­tion and its im­pli­ca­tions on the bank’s op­er­a­tions, the need to pro­mote green in­fra­struc­ture glob­ally and the im­por­tance of in­creas­ing pri­vate sec­tor in­volve­ment in the re­gion’s in­fra­struc­ture.

AIIB, a mul­ti­lat­eral in­ter­na­tional de­vel­op­ment bank, was set up on Dec 25, 2015, with an ini­tial cap­i­tal of US$100 bil­lion (RM419 bil­lion), one mil­lion shares and an ini­tial paid-up cap­i­tal of US$20 bil­lion. – Ber­nama